Early closure of the EUR 100 million retail bond issue

Early closure of the EUR 100 million retail bond issue

Immobel’s first public issue aimed mainly at private investors successfully closed and more than twice oversubscribed.

The bonds were successfully placed with primarily retail investors following a book-building process where Belfius and ING acted as Joint Lead Managers. For this transaction, Immobel was advised by Linklaters and the Joint Lead Managers by White & Case.

The maximum amount of EUR 100 million, was raised, and as a result Immobel decided to close the subscription period early on 5 October 2018 at 5:30 p.m. Of the total amount, EUR 50 million was subscribed for the 5-year tranche and the remaining EUR 50 million for the 7-year tranche.

The bonds will be issued on 17 October 2018 and admitted for trading on the regulated market of Euronext Brussels (ISIN BE0002615939 (5-year tranche) and ISIN BE0002616945 (7-year tranche)). The gross annual coupons pay 3.00% (5-year tranche) and 3.50% (7-year tranche) respectively. The gross actuarial yields amount to 2.595% (5-year tranche) and 3.197% (7-year tranche) respectively on an annual basis, and the annual net actuarial yields amount to 1.706% (5-year tranche) and 2.159% (7-year tranche) respectively on an annual basis.

“This issue will allow us to diversify our financing instruments as well as extend and spread out their maturities. This success demonstrates the confidence that retail investors have in the strategy and creditworthiness of Immobel,” explains Karel Breda, Chief Financial Officer.

This press release must be read together with the prospectus dated 2 October 2018, available on the websites of Immobel (https://www.immobelgroup.com/nl/pages/42-untitled-static-page-category-42), BELFIUS(www.belfius.be/Immobel2018) and ING (https://www.ing.be/en/retail/investing/investments/ bonds).

Download the complete version of the press release hereunder: